Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.

The gaming company has lost money every year it's been in business, and most analysts agree Roblox will continue losing money at least through 2029.

Roblox stock collapsed Thursday after the online gaming and social platform missed Wall Street's targets for users and bookings in the fourth quarter. Roblox lost 33 cents a share on bookings of ...

In fact, Roblox lost only $0.32 per share -- and so beat earnings. Sales, however, came in short at $893.5 million. Roblox's Q2 earnings Q2 revenue still grew 31% year over year.